At 9:26 am (Brasilia time) this Friday (29) the July soybean contract traded on Chicago Stock Exchange (CBOT) The futures contract was operating with a slight increase of 3.75 points and 0.31%, quoted at US$ cents 1,198.25/bushel, with a gain in the partial week of 0.15% and in the month of 0.23%. The August contract advanced 4.00 points and 0.33%, to US$ cents 1,200.00/bushel – a weekly appreciation of 0.42% and a monthly appreciation of 0.90%. On the previous day (28), the assets closed in positive territory, with a decrease of 0.78% for the July contract, to US$ cents 1,194.50/bushel, and of 0.95% for the August contract, to US$ cents 1,196.00/bushel. In the case of derivatives, the oil It was advancing 0.83%, while the bran Prices fell 0.15%. This morning, prices were supported by expectations that China will increase its purchases of agricultural products from the United States by up to US$17 billion, as announced by the White House last month. Despite this, part of the market remains cautious about Beijing’s actual fulfillment of the commitment. Uncertainty surrounding negotiations between the US and Iran, which continue to cause strong volatility in oil prices and influence the biofuel market, also supported prices. In the field, the daily report of… U.S. Department of Agriculture (USDA) The report indicated that soybean and corn planting continues to be favored by predominantly dry weather and mild temperatures in the Corn Belt, the main producing region of the US. On the other hand, the agency warned that the short-term drought observed in the last 30 days in areas of the west and north of the agricultural belt contrasts with the excess moisture recorded in the Ohio Valley and neighboring regions. In South America, investors are monitoring the final stages of harvesting Brazil’s record crop, while in Argentina less than 15% of the areas are still awaiting harvest. On the radar, the USDA It will release its weekly export sales report later.
This text was translated by machine from Brazilian Portuguese.